Shares of TriNet Group Inc (NYSE:TNET) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $26.29.
A number of research firms have commented on TNET. Deutsche Bank AG restated a “buy” rating and issued a $30.00 price target (up from $29.00) on shares of TriNet Group in a research report on Friday, December 23rd. Zacks Investment Research lowered shares of TriNet Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 5th. Stifel Nicolaus boosted their price target on shares of TriNet Group from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 1st. Finally, JPMorgan Chase & Co. lowered shares of TriNet Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $26.00 to $25.00 in a research report on Friday, December 9th.
TriNet Group (NYSE:TNET) opened at 28.90 on Thursday. TriNet Group has a 52-week low of $14.23 and a 52-week high of $30.17. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 34.00 and a beta of 3.01. The firm has a 50-day moving average of $27.94 and a 200 day moving average of $24.34.
TriNet Group (NYSE:TNET) last released its quarterly earnings results on Tuesday, February 28th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. The firm had revenue of $811.10 million for the quarter, compared to analyst estimates of $168.19 million. TriNet Group had a net margin of 1.77% and a return on equity of 270.14%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. On average, equities research analysts forecast that TriNet Group will post $1.37 earnings per share for the current year.
In other news, Director H Raymond Bingham sold 10,998 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $24.81, for a total transaction of $272,860.38. Following the transaction, the director now directly owns 21,995 shares in the company, valued at $545,695.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Porter sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $24.95, for a total transaction of $299,400.00. Following the transaction, the insider now owns 507,924 shares in the company, valued at $12,672,703.80. The disclosure for this sale can be found here. Insiders have sold 137,070 shares of company stock worth $3,820,228 over the last quarter. 42.40% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of TriNet Group by 143.8% in the third quarter. Great West Life Assurance Co. Can now owns 7,315 shares of the company’s stock worth $158,000 after buying an additional 4,315 shares during the last quarter. Trexquant Investment LP acquired a new stake in TriNet Group during the fourth quarter worth $213,000. Pitcairn Co. acquired a new stake in TriNet Group during the fourth quarter worth $216,000. Sei Investments Co. increased its stake in TriNet Group by 111.7% in the third quarter. Sei Investments Co. now owns 10,636 shares of the company’s stock worth $230,000 after buying an additional 5,611 shares during the period. Finally, Boothbay Fund Management LLC purchased a new stake in shares of TriNet Group during the fourth quarter valued at approximately $425,000. Institutional investors own 78.15% of the company’s stock.
About TriNet Group
TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.